Electrified Aircraft Propulsion Market Forecasts to 2030 – Global Analysis By Aircraft Type (Urban Air Mobility (UAM), Regional Aircraft, Commercial Aircraft, Cargo Aircraft, General Aviation Aircraft, Military Aircraft and Other Aircraft Types), Propulsi

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from $4,150	200 Pages	Stratistics Market Research Consulting	January, 2025	SMR19463839

Best Price Guarantee
Price	from $4,150
Length	200 Pages
Publisher	Stratistics Market Research Consulting
Published Date	January, 2025
SKU	SMR19463839

Table of Contents
Description

Electrified Aircraft Propulsion Market Forecasts to 2030 – Global Analysis By Aircraft Type (Urban Air Mobility (UAM), Regional Aircraft, Commercial Aircraft, Cargo Aircraft, General Aviation Aircraft, Military Aircraft and Other Aircraft Types), Propulsion Type, Component, Power Source, End User and By Geography

According to Stratistics MRC, the Global Electrified Aircraft Propulsion Market is accounted for $8.02 billion in 2024 and is expected to reach $19.74 billion by 2030 growing at a CAGR of 16.2% during the forecast period. Electrified aircraft propulsion refers to the integration of electric or hybrid-electric power systems in aircraft to replace or supplement conventional gas-powered engines. This technology involves using electric motors, batteries, or fuel cells to drive the aircraft's propellers or fans, aiming to reduce fuel consumption, emissions, and operational costs. EAP is seen as a key solution for advancing sustainable aviation, particularly for short-to-medium-haul flights.

According to the International Energy Agency (IEA), global flights produced around 720 million tons of carbon dioxide in 2021. The global aviation industry produces over 2% of all the CO2 emissions induced by humans.

Market Dynamics:

Driver:

Increased urban air mobility

UAM solutions aim to address urban congestion and provide efficient, sustainable air transportation, relying heavily on electric propulsion for short-haul flights. The rise of eVTOL aircraft, which utilize EAP systems for noise reduction, lower emissions, and reduced operating costs, accelerates innovation and investment in electric propulsion technologies. As UAM expands globally, the demand for advanced electric propulsion systems grows, propelling the market by offering a cleaner, faster, and more efficient alternative to traditional transportation.

Restraint:

Infrastructure challenges

Infrastructure challenges in electrified aircraft propulsion arise from the lack of widespread charging stations, maintenance facilities, and support systems required for electric aircraft. The absence of a robust infrastructure network also delays the deployment of electric aircraft in mainstream aviation, restricting their range, frequency of use, and integration into existing aviation ecosystems. This hampers market growth by limiting operational feasibility, particularly for commercial applications and large-scale adoption.

Opportunity:

Growing consumer awareness on sustainable travel options

As travellers increasingly prioritize eco-friendly travel alternatives, airlines and aviation companies are under pressure to reduce their carbon footprint. This shift in consumer behaviour has led to heightened interest in electric aircraft, as they offer a cleaner, greener alternative to traditional fuel-powered planes. The increasing public demand for sustainability encourages investments in electric propulsion technologies and pushes governments to implement regulations and incentives, thus propelling the growth of the EAP market as part of the broader green aviation movement.

Threat:

High development costs

High development costs in electrified aircraft propulsion arise from the complex nature of designing and testing electric propulsion systems, including electric motors, batteries, and energy storage solutions. The need for extensive research, certification, and infrastructure development also adds to the cost. Airlines and manufacturers may hesitate to commit to these technologies without a clear return on investment. These high expenses hinder market growth by limiting investment from smaller companies and slowing adoption.

Covid-19 Impact

The covid-19 pandemic temporarily slowed the growth of the electrified aircraft propulsion market due to disruptions in research, development, and manufacturing activities. Travel restrictions, reduced aviation demand, and financial uncertainties delayed investment in new technologies. However, the pandemic also heightened focus on sustainability and environmental recovery, renewing interest in green aviation solutions. Post-pandemic, the market is expected to rebound as governments and industries prioritize clean energy technologies, supporting the long-term growth of EAP innovations.

The commercial aircraft segment is expected to be the largest during the forecast period

The commercial aircraft segment is predicted to secure the largest market share throughout the forecast period. EAP in commercial aircraft focuses on replacing or supplementing traditional jet engines with electric motors or hybrid-electric systems. This shift aims to reduce fuel consumption, lower emissions, and enhance operational efficiency. EAP technology is particularly suitable for short- to medium-haul flights, offering sustainable, cost-effective solutions for the aviation industry.

The supercapacitors segment is expected to have the highest CAGR during the forecast period

The supercapacitors segment is anticipated to witness the highest CAGR during the forecast period. Supercapacitors are emerging as a potential power source in electrified aircraft propulsion due to their ability to deliver high power output quickly and efficiently. They also have a longer lifespan and higher cycle stability. Integrating supercapacitors with batteries or hybrid systems can enhance the overall performance and efficiency of electric aircraft, driving advancements in sustainable aviation technology.

Region with largest share:

Asia Pacific is expected to register the largest market share during the forecast period due to increasing government support for sustainable aviation, rising environmental concerns, and rapid advancements in electric aircraft technology. Key players in the Asia-Pacific EAP market include Boeing, Rolls-Royce, Mitsubishi Electric, and Hyundai Motor Group. The region also benefits from strong aerospace manufacturing capabilities and partnerships. Further, technological advancements and government initiatives supporting green aviation solutions accelerates the market growth.

Region with highest CAGR:

North America is expected to witness the highest CAGR over the forecast period driven by strong governmental support for sustainable aviation, significant investments in green technologies, and the increasing focus on reducing carbon emissions. Major players in the region include Boeing, GE Aviation, Honeywell, and Rolls-Royce. The region is witnessing the growing demand for electric vertical take-off and landing (eVTOL) aircraft. North America’s market growth is fueled by innovation, funding, and a push for cleaner aviation solutions.

Key players in the market

Some of the key players profiled in the Electrified Aircraft Propulsion Market include Rolls-Royce, Boeing, Airbus, Safran, General Electric (GE), Honeywell International, magniX, Vertical Aerospace, Lilium, Pipistrel, Zunum Aero, Ampaire, Ampyx Power, Quantum Systems, Hartzell Propeller, Terrafugia, Stralis Aircraft, Electra.aero, SkyDrive and Heart Aerospace.

Key Developments:

In December, 2024, Stralis Aircraft completed a successful hydrogen-electric propeller spin test at Brisbane Airport. This test utilized fuel cells and gaseous hydrogen, emitting only water vapor, marking a significant step toward emission-free aviation.

In November 2024, Heart Aerospace announced plans to conduct the first experimental flight of its X1 demonstrator in 2025. This aircraft is designed to validate the company's electric propulsion technology and is similar in size to the upcoming 30-passenger ES-30 commercial aircraft.

Aircraft Types Covered:
• Urban Air Mobility (UAM)
• Regional Aircraft
• Commercial Aircraft
• Cargo Aircraft
• General Aviation Aircraft
• Military Aircraft
• Other Aircraft Types

Propulsion Types Covered:
• Fully Electric Propulsion
• Hybrid Electric Propulsion
• Fuel Cell Electric Propulsion
• Turboelectric Propulsion
• Other Propulsion Types

Components Covered:
• Electric Motors
• Propellers
• Inverters
• Power Electronics
• Energy Storage Systems
• Power Management Systems
• Electric Distribution Systems
• Other Components

Power Sources Covered:
• Batteries
• Fuel Cells
• Supercapacitors
• Other Power Sources

End Users Covered:
• Aircraft Manufacturers
• Aviation Operators
• Government and Defense Contractors
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

1 Executive Summary
2 Preface: 2.1 Abstract; 2.2 Stake Holders; 2.3 Research Scope; 2.4 Research Methodology; 2.4.1 Data Mining; 2.4.2 Data Analysis; 2.4.3 Data Validation; 2.4.4 Research Approach; 2.5 Research Sources; 2.5.1 Primary Research Sources; 2.5.2 Secondary Research Sources; 2.5.3 Assumptions
3 Market Trend Analysis: 3.1 Introduction; 3.2 Drivers; 3.3 Restraints; 3.4 Opportunities; 3.5 Threats; 3.6 End User Analysis; 3.7 Emerging Markets; 3.8 Impact of Covid-19
4 Porters Five Force Analysis: 4.1 Bargaining power of suppliers; 4.2 Bargaining power of buyers; 4.3 Threat of substitutes; 4.4 Threat of new entrants; 4.5 Competitive rivalry
5 Global Electrified Aircraft Propulsion Market, By Aircraft Type: 5.1 Introduction; 5.2 Urban Air Mobility (UAM); 5.3 Regional Aircraft; 5.4 Commercial Aircraft; 5.5 Cargo Aircraft; 5.6 General Aviation Aircraft; 5.7 Military Aircraft; 5.8 Other Aircraft Types
6 Global Electrified Aircraft Propulsion Market, By Propulsion Type: 6.1 Introduction; 6.2 Fully Electric Propulsion; 6.3 Hybrid Electric Propulsion; 6.4 Fuel Cell Electric Propulsion; 6.5 Turboelectric Propulsion; 6.6 Other Propulsion Types
7 Global Electrified Aircraft Propulsion Market, By Component: 7.1 Introduction; 7.2 Electric Motors; 7.3 Propellers; 7.4 Inverters; 7.5 Power Electronics; 7.6 Energy Storage Systems; 7.7 Power Management Systems; 7.8 Electric Distribution Systems; 7.9 Other Components
8 Global Electrified Aircraft Propulsion Market, By Power Source: 8.1 Introduction; 8.2 Batteries; 8.3 Fuel Cells; 8.4 Supercapacitors; 8.5 Other Power Sources
9 Global Electrified Aircraft Propulsion Market, By End User: 9.1 Introduction; 9.2 Aircraft Manufacturers; 9.3 Aviation Operators; 9.4 Government and Defense Contractors; 9.5 Other End Users
10 Global Electrified Aircraft Propulsion Market, By Geography: 10.1 Introduction; 10.2 North America; 10.2.1 US; 10.2.2 Canada; 10.2.3 Mexico; 10.3 Europe; 10.3.1 Germany; 10.3.2 UK; 10.3.3 Italy; 10.3.4 France; 10.3.5 Spain; 10.3.6 Rest of Europe; 10.4 Asia Pacific; 10.4.1 Japan; 10.4.2 China; 10.4.3 India; 10.4.4 Australia; 10.4.5 New Zealand; 10.4.6 South Korea; 10.4.7 Rest of Asia Pacific; 10.5 South America; 10.5.1 Argentina; 10.5.2 Brazil; 10.5.3 Chile; 10.5.4 Rest of South America; 10.6 Middle East & Africa; 10.6.1 Saudi Arabia; 10.6.2 UAE; 10.6.3 Qatar; 10.6.4 South Africa; 10.6.5 Rest of Middle East & Africa
11 Key Developments: 11.1 Agreements, Partnerships, Collaborations and Joint Ventures; 11.2 Acquisitions & Mergers; 11.3 New Product Launch; 11.4 Expansions; 11.5 Other Key Strategies
12 Company Profiling: 12.1 Rolls-Royce; 12.2 Boeing; 12.3 Airbus; 12.4 Safran; 12.5 General Electric (GE); 12.6 Honeywell International; 12.7 magniX; 12.8 Vertical Aerospace; 12.9 Lilium; 12.10 Pipistrel; 12.11 Zunum Aero; 12.12 Ampaire; 12.13 Ampyx Power; 12.14 Quantum Systems; 12.15 Hartzell Propeller; 12.16 Terrafugia; 12.17 Stralis Aircraft; 12.18 Electra.aero; 12.19 SkyDrive; 12.20 Heart Aerospace
List of Tables: Table 1 Global Electrified Aircraft Propulsion Market Outlook, By Region (2022-2030) ($MN); Table 2 Global Electrified Aircraft Propulsion Market Outlook, By Aircraft Type (2022-2030) ($MN); Table 3 Global Electrified Aircraft Propulsion Market Outlook, By Urban Air Mobility (UAM) (2022-2030) ($MN); Table 4 Global Electrified Aircraft Propulsion Market Outlook, By Regional Aircraft (2022-2030) ($MN); Table 5 Global Electrified Aircraft Propulsion Market Outlook, By Commercial Aircraft (2022-2030) ($MN); Table 6 Global Electrified Aircraft Propulsion Market Outlook, By Cargo Aircraft (2022-2030) ($MN); Table 7 Global Electrified Aircraft Propulsion Market Outlook, By General Aviation Aircraft (2022-2030) ($MN); Table 8 Global Electrified Aircraft Propulsion Market Outlook, By Military Aircraft (2022-2030) ($MN); Table 9 Global Electrified Aircraft Propulsion Market Outlook, By Other Aircraft Types (2022-2030) ($MN); Table 10 Global Electrified Aircraft Propulsion Market Outlook, By Propulsion Type (2022-2030) ($MN); Table 11 Global Electrified Aircraft Propulsion Market Outlook, By Fully Electric Propulsion (2022-2030) ($MN); Table 12 Global Electrified Aircraft Propulsion Market Outlook, By Hybrid Electric Propulsion (2022-2030) ($MN); Table 13 Global Electrified Aircraft Propulsion Market Outlook, By Fuel Cell Electric Propulsion (2022-2030) ($MN); Table 14 Global Electrified Aircraft Propulsion Market Outlook, By Turboelectric Propulsion (2022-2030) ($MN); Table 15 Global Electrified Aircraft Propulsion Market Outlook, By Other Propulsion Types (2022-2030) ($MN); Table 16 Global Electrified Aircraft Propulsion Market Outlook, By Component (2022-2030) ($MN); Table 17 Global Electrified Aircraft Propulsion Market Outlook, By Electric Motors (2022-2030) ($MN); Table 18 Global Electrified Aircraft Propulsion Market Outlook, By Propellers (2022-2030) ($MN); Table 19 Global Electrified Aircraft Propulsion Market Outlook, By Inverters (2022-2030) ($MN); Table 20 Global Electrified Aircraft Propulsion Market Outlook, By Power Electronics (2022-2030) ($MN); Table 21 Global Electrified Aircraft Propulsion Market Outlook, By Energy Storage Systems (2022-2030) ($MN); Table 22 Global Electrified Aircraft Propulsion Market Outlook, By Power Management Systems (2022-2030) ($MN); Table 23 Global Electrified Aircraft Propulsion Market Outlook, By Electric Distribution Systems (2022-2030) ($MN); Table 24 Global Electrified Aircraft Propulsion Market Outlook, By Other Components (2022-2030) ($MN); Table 25 Global Electrified Aircraft Propulsion Market Outlook, By Power Source (2022-2030) ($MN); Table 26 Global Electrified Aircraft Propulsion Market Outlook, By Batteries (2022-2030) ($MN); Table 27 Global Electrified Aircraft Propulsion Market Outlook, By Fuel Cells (2022-2030) ($MN); Table 28 Global Electrified Aircraft Propulsion Market Outlook, By Supercapacitors (2022-2030) ($MN); Table 29 Global Electrified Aircraft Propulsion Market Outlook, By Other Power Sources (2022-2030) ($MN); Table 30 Global Electrified Aircraft Propulsion Market Outlook, By End User (2022-2030) ($MN); Table 31 Global Electrified Aircraft Propulsion Market Outlook, By Aircraft Manufacturers (2022-2030) ($MN); Table 32 Global Electrified Aircraft Propulsion Market Outlook, By Aviation Operators (2022-2030) ($MN); Table 33 Global Electrified Aircraft Propulsion Market Outlook, By Government and Defense Contractors (2022-2030) ($MN); Table 34 Global Electrified Aircraft Propulsion Market Outlook, By Other End Users (2022-2030) ($MN); Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.